Earnings News: Sealy, JoS. A. BankWednesday, March 28, 11:04 AM ET

Sealy Corporation (ZZ) posted net sales of $312.3 million, a 2.2% increase compared to the first quarter of fiscal 2011. Net income was $1.6 million or $0.01 per diluted share, compared to $0.1 million or $0.00 per diluted share in the prior year quarter.

On the news, shares of Sealy are trading sharply higher this morning.

JoS. A. Bank Clothiers (JOSB) announced earnings per share for fiscal year 2011 of $3.49 as compared with EPS of $3.08 for fiscal year 2010.

Net sales were $979.9 million in fiscal year 2011, versus net sales of $858.1 million in fiscal year 2010.

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